ChainCatcher report, according to Globenewswire, Nasdaq-listed TON treasury company AlphaTON Capital has announced the execution of a final agreement to acquire a 60% controlling stake in the gaming platform GAMEE for a maximum transaction consideration of $11 million, including an additional performance-based payment over a two-year period. GAMEE, a wholly owned subsidiary of Animoca Brands, has been valued at $18 million in this transaction. Under the terms of the acquisition agreement, AlphaTON Capital will assume day-to-day operational management of GAMEE and formally establish a strategic alliance with Animoca Brands, while prohibiting Animoca Brands from acquiring a controlling stake in AlphaTON Capital for two years.
AlphaTON Capital Acquires a 60% Stake in GAMEE for Up to $11 Million
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Summary
AlphaTON Capital, a TON treasury firm listed on Nasdaq, has acquired a 60% stake in GAMEE for up to $11 million, including performance-based payments over two years. GAMEE, a subsidiary of Animoca Brands, is valued at $18 million. AlphaTON will oversee daily operations and establish a strategic partnership with Animoca, which is prohibited from acquiring AlphaTON’s stake for two years. The transaction represents a significant development in crypto news, underscoring sustained interest in blockchain gaming.
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